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Bill: Income tax proposal of June 2673
Details
Submitted by[?]: Liberaldemokratische Allianz
Status[?]: passed
Votes: This bill proposes to change income taxes. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: February 2674
Description[?]:
| The Christian Liberal Party propose to adjust the government's income tax policy to better address the economic situation of the Imperial Crownlands of Greater Hulstria. The elimination of the 20 percent bracket still leaves the treasury with a near 7 billion crown surplus this year. We expect the surplus to grow accordingly in years to come. |
Proposals
Article 1
We propose to alter income tax brackets to the following setup. Information about the current income tax system can be found here.
| Bracket | Tax | Estimated Revenue |
| > 20,000 HCR | 17% | 65,973,000,000 HCR |
| > 27,000 HCR | 22% | 26,908,000,000 HCR |
| > 30,000 HCR | 29% | 303,132,000,000 HCR | Total | 396,013,000,000 HCR |
Debate
These messages have been posted to debate on this bill:
| Date | 06:04:05, November 30, 2008 CET | From | Liberaldemokratische Allianz | To | Debating the Income tax proposal of June 2673 |
| Message | This restructuring of the income tax system allows Hulstrian taxpayers to keep almost 8.3 billion of their hard-earned crowns in their own pockets this year alone. |
| Date | 06:19:02, November 30, 2008 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of June 2673 |
| Message | This grows the divide between the 30,000 bracket and the 27,000 bracket. Under this system, a mere 3,000 Crowns makes a huge difference. While we will tentatively support this bill, we will seek to close the gap following the new cabinet's passing. |
| Date | 06:32:17, November 30, 2008 CET | From | Konstitutionelle Monarchie Partei | To | Debating the Income tax proposal of June 2673 |
| Message | Income needs to be generated into the government. Taxes have been cut back very dramaticaly throughout the past 20 years, I honestly think there won't even be a tax system by 2750; lowering taxes we'd support, not an elimination. |
| Date | 06:34:04, November 30, 2008 CET | From | Liberaldemokratische Allianz | To | Debating the Income tax proposal of June 2673 |
| Message | For a taxpayer earning more than 30,000 crowns a year the current 22% tax bracket costs them only 660 crowns a year. |
| Date | 11:19:42, November 30, 2008 CET | From | Wiedervereinigten Nationalisten | To | Debating the Income tax proposal of June 2673 |
| Message | OOC: Your maths are off. |
| Date | 19:39:41, November 30, 2008 CET | From | Liberaldemokratische Allianz | To | Debating the Income tax proposal of June 2673 |
| Message | OOC: Income greater than 27,000 crowns a year but less than 30,000 crowns a year falls under the 22% income bracket. 30,000 - 27,000 = 3,000. 3,000*.22=660 |
| Date | 01:33:46, December 01, 2008 CET | From | Konstitutionelle Monarchie Partei | To | Debating the Income tax proposal of June 2673 |
| Message | I don't see how this will help our economy, our GDP has just seen a 15 billion crown decrease from this passing alone. I am very curious on how this income tax bracket elimination will help restore that by the end of the decade. |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 399 | ||||
| no | Total Seats: 251 | ||||
| abstain | Total Seats: 0 |
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